How to Pay One Acre Fund Through Mpesa Paybill Number in 2024

Find out how to contribute to One Acre Fund's mission easily through M-Pesa and make a difference in the lives of farmers

Sep 3, 2023 - 17:01
Jan 20, 2024 - 10:35
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How to Pay One Acre Fund Through Mpesa Paybill Number in 2024
How to Pay One Acre Fund Through Mpesa Paybill Number in 2024

Across the vast plains of Sub-Saharan Africa, more than 50 million families depend on the fruits of their labor from small farms. Representing 80% of the continent's food production, these families strive to combat hunger and pave the way for resilient communities. Yet, despite their indomitable spirit, many find it challenging due to a lack of resources, knowledge, or both. Herein lies the mission of One Acre Fund, an organization committed to lending a hand, not in charity, but in opportunity. But how does One Acre Fund connect the dots? More importantly, how can someone contribute to this cause easily through Mpesa?

The Birth of One Acre Fund

 In 2006, Andrew Youn, Eric Pohlman, and John Gachunga saw this delicate balance. They dreamt of a solution not in providing handouts but in investing in the potential of these farmers. And thus, One Acre Fund was born.

But the vision was clear - no more hunger in East Africa. For this dream to be realized, there had to be a shift in strategy. Financing was a start. But what's money without knowledge? It was paramount to introduce sustainable farming methods, equipping farmers with high-quality seeds and facilitating a steady market for their produce. In the grand scheme, One Acre Fund wasn't just an organization; it became a movement.

One Acre Fund's Digital Revolution

Power of Mobile Technology

In today's digital age, staying connected is more than a luxury; it's necessary. One Acre Fund tapped into this potential by using SMS programs to foster better communication and teamwork. For instance, a simple message, crisply penned in English, is translated into local dialects like Swahili for the farmers in western Kenya. Although limited to 160 characters, these messages carry the weight of purpose, informing farmers about various aspects like solar lights or updates about the fund. With mobile technology, the reach has expanded, bringing more farmers under the protective umbrella of One Acre Fund.

How To Make Payments With Mpesa

One Acre Fund recognizes the importance of accessible payment methods for its farmers. The organization has embraced technology to facilitate digital transactions, streamlining the process of loan repayments and other financial interactions. To pay One Acre Fund through M-Pesa, follow these simple steps:

  1. Access the M-Pesa menu on your phone.
  2. Select the "Lipa na M-Pesa" option.
  3. Choose the "Paybill" option.
  4. Enter One Acre Fund's Paybill number: 840700 or 840706 for duka agents.
  5. Provide your account number and confirm.
  6. Input the desired amount and confirm.
  7. Enter your M-Pesa PIN and confirm the transaction.

Upon completion, you will receive a confirmation message verifying your deposit. This user-friendly process ensures that farmers can conveniently engage with One Acre Fund's services and continue their journey toward agricultural prosperity.

The Impact So Far

Harnessing the power of digital repayments has opened doors for farmers in Kenya. By 2015, the average Kenyan farmer associated with OAF saw an increase in earnings by $211 compared to their peers outside the fund. The digital approach has not only made transactions seamless but has also strengthened financial inclusion in farming communities.

READ ALSO: How to Pay for Netflix in Kenya with M-PESA

Conclusion

One Acre Fund's commitment to empowering smallholder farmers is evident through its innovative approaches and impactful initiatives. By embracing technology and leveraging platforms like M-Pesa, the organization has simplified the process of financial transactions for farmers, enhancing economic opportunities and financial inclusion. Through its mission to educate, support, and uplift, One Acre Fund embodies the spirit of sustainable development, helping farmers cultivate crops and brighter futures.

Joseph Richard Richard is a distinguished contributor to sledge.co.ke, where he leverages his extensive background in finance, business, and technology to provide insightful guides and analyses. With over a decade of experience in Kenya's dynamic market, Joseph has become a trusted voice in helping individuals navigate complex topics with ease. His work, recognized for its clarity and reliability, spans critical reviews, educational content, and comprehensive guides on making informed decisions in finance and business. Joseph's commitment to empowering Kenyans through accessible information underscores his reputation as a dependable and authoritative figure in the industry